久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

US EUROPE AFRICA ASIA 中文
Business / Markets

Rebounding Chinese stocks enter bull market, says report

(chinadaily.com.cn) Updated: 2015-11-06 13:36

Rebounding Chinese stocks enter bull market, says report

An investor looks at an electronic trading screen at a brokerage in Nanjing, Jiangsu province. [Asinewsphoto by Su Yang]

Chinese stocks are back on the bull market, a surprising achievement after a volatile summer wiped out trillions of dollars in value from mainland equities, reported Wall Street Journal.

The benchmark Shanghai Composite Index has rallied 20.3 percent since Aug 26, the bottom of the summer selloff. Such surge signals a bull market where by definition stocks rise 20 percent from a recent low.

The Shanghai gauge climbed 1.8 percent to close at 3,522.82 on Thursday, bringing its year-to-date gains to 8.9 percent.

The outstanding balance of margin debts at the Shanghai Stock Exchange rose to a two-month high of 648.76 billion yuan ($102.1 billion) as of Thursday, according to the bourse data, but are still down 54 percent from its 1.4 trillion yuan peak in June when the Shanghai index touched on 5178.19.

Investors have gradually returned to the market since the rout, said the newspaper, as trading volumes have rebounded to the highest level since mid-August.

The Shenzhen Composite Index and ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, have surged 32 percent and 43 percent respectively from their recent lows on Sept 15.

The rebound came as the government launched a spate of policies to prop up the economy and restore market faith. Among which, China cut benchmark interest rates for a sixth time in a year on Oct 23 and unveiled its five-year plan ending 2020.

The country will have to keep its economy growing at no less than 6.5 percent over the next five years to realize the goal of doubling 2010 gross domestic product and per capita income by 2020, President Xi Jinping said, according to Xinhua.

Financial and technology stocks fueled the latest gains after central bank governor Zhou Xiaochuan was reported to have said that China would launch a trading link connecting bourses in Shenzhen and Hong Kong within the year. Brokerages including Huatai Securities and Everbright Securities rallied by the daily limit of 10 percent over the past two days.

The Chinese government has likely spent hundreds of billions of yuan buying shares to stabilize the market since it announced state intervention in early July, said the Journal citing consensus estimate, adding that authorities have held on to stocks since then, if not adding more to their portfolio.

Despite the gains, some investors remain skeptical as lessons were learnt from the rout, while for others, confidence that the government will not soon sell its holdings has encouraged more buying, reported the newspaper.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: japanese日本舒服丰满 | 亚洲免费视频一区二区三区 | 欧美毛片在线 | 女人把腿劈开让男人桶的网站 | 国产女人成人精品视频 | 农村寡妇一级毛片免费看视频 | 爱爱亚洲 | 亚洲成人7777| 国内外成人免费视频 | 国产一区二区三区视频 | 欧美日韩亚洲v在线观看 | 又黄又爽视频好爽视频 | 精品国产杨幂在线观看福利 | 一级中国乱子伦视频 | 成年人免费大片 | 国产一区亚洲欧美成人 | 欧美一级看片a免费观看 | 亚洲欧美日本人成在线观看 | 久久精品成人一区二区三区 | 欧美高清在线精品一区 | 99久久精品免费视频 | 波多野结衣在线视频观看 | 国产自在自线午夜精品视频在 | 深夜福利视频在线观看免费播放 | 三级网站 | 爱久久精品国产 | 女黄人东京手机福利视频 | 一区二区在线免费视频 | 中文字幕视频网 | 国产三级在线免费 | 国内精品a | 欧美成人免费网在线观看 | 亚洲日韩中文字幕天堂不卡 | 精品一区二区三区亚洲 | 欧美一区二区三区不卡免费观看 | 久久久久香蕉视频 | 亚洲国产成a人v在线观看 | 一区二区三区在线 | 欧 | 日本欧美亚洲 | 香港经典a毛片免费观看爽爽影院 | 久久精品久久久久 |